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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

How to Build Better Supply Chain Finance Goals With Analytics

Turvo

Few events carry the notoriety of black swans, and the COVID-19 pandemic is the most unprecedented and disruptive event to affect supply chains in decades. Nothing comes close to the level of turmoil it has caused, and for supply chain leaders, the severe disruption, and changes to freight rates—not to mention limited capacity—contribute to more uncertainty. Everyone has access to some form of data, and every process generates more of it.

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21 Vendor Metrics Your Supplier Scorecard Might be Missing

Supply Chain Cowboy

Giving your vendors feedback through a supplier scorecard is one of the best ways to improve their performance. But is your scorecard missing key metrics? The goal of a supplier scorecard is to measure things that are important to you and your customer. By measuring and keeping score, you can encourage your suppliers to improve. It includes a free Excel template that you can modify to match exactly what metrics you want to measure.

How to run a supply chain war room that's ready for anything part 2: Planning for and preventing risk

EFT

In part one, which you can read here , we covered why risks are rising and how it is important to try and get ahead with a strong planning function. To aid the decision making, visibility is critical,” says Phil Roe, Chief Customer Officer and Strategy Director UKI at DHL Supply Chain.

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The Reorder Point Formula: Everything You Need to Know

Unleashed

The more your business grows the more difficult it is to maintain ideal stock levels across your products. Setting a reorder point for your most important SKUs helps you determine when to replenish your stock, so that you have neither too much nor too little of any given item.

How to Become a Lean, Green Manufacturing Machine

Cerasis

However, since both concepts have been saddled with a lot of hype, manufacturers have tended to shy away from pursuing these goals. In reality, one of the core tenets of the Toyota Production System on which lean manufacturing is based is “produce only what you need to satisfy the customer and nothing more.”. To satisfy this most basic principle of lean, some manufacturers will have to change the way they measure success.

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How to Become a Lean, Green Manufacturing Machine

Cerasis

However, since both concepts have been saddled with a lot of hype, manufacturers have tended to shy away from pursuing these goals. In reality, one of the core tenets of the Toyota Production System on which lean manufacturing is based is “produce only what you need to satisfy the customer and nothing more.”. To satisfy this most basic principle of lean, some manufacturers will have to change the way they measure success.

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How to measure the performance of a manufacturing plant?

Infosys Supply Chain Management

Posted by Abhay Dhall, Associate Consultant (Manufacturing Vertical), Infosys Limited In my previous blog , I spoke about the need for companies to create a value stream map for their processes in order measure, control & improve their processes. To preach is one thing but to perform is something else. Is it as easy to execute as being said? There are some important metrics which help make informed decisions on improvement initiatives.

9 KPIs to Track for Proper Freight Management

Cerasis

Identifying ways to improve the system can be complicated. However, if you know what critical freight management KPIs or key performance indicators to track, you can know exactly how to change processes to decrease costs, which will result in savings for the end user. Federal Power Over Freight Management KPIs. Freight Management KPIs are undoubtedly the most important metrics to track and understand.

4 Long Term Ways to Save with Less Than Truckload Freight Shipping

Cerasis

So, your organization has decided to explore the benefits and perks of less than truckload freight shipping. You may have to learn how to navigate a new software, or your organization may simply need additional training on a new transportation management system (TMS). Let’s take a look at how the TMS impacts the costs of shipping over the long term in four critical areas. Overall Costs of Less Than Truckload Freight Shipping. LTL ltl freight

Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. The Sustainable Freight Action plan released by California governor Jerry Brown outlines a long-term 2050 vision and guiding principles for California’s future freight transportation system. Targets for 2030 Include: Improve freight system efficiency 25 percent by 2030. Foster future economic growth within the freight and goods movement industry.

‘Digital Freight Matching’ Isn’t a Product— It’s a Strategic Methodology

Parade

As freight brokerages look to leverage technologies, automate grunt work, and streamline operations, we hear references such as “Buying ‘digital freight matching’.” Unfortunately, this reference to ‘digital freight matching’ as a ‘product’ is too simplistic. Because every freight brokerage has a different mix of fulfillment opportunities, and each load opportunity has unique requirements, challenges, and execution models.

‘Digital Freight Matching’ Isn’t a Product— It’s a Strategic Methodology

Parade

As freight brokerages look to leverage technologies, automate grunt work, and streamline operations, we hear references such as “Buying ‘digital freight matching’.” Unfortunately, this reference to ‘digital freight matching’ as a ‘product’ is too simplistic. Because every freight brokerage has a different mix of fulfillment opportunities, and each load opportunity has unique requirements, challenges, and execution models.

Launching the Freightos Baltic Index (FBX) for Daily Rates

Freightos

In our digital age, we want to know everything, in seconds. . We want to be able to see real-time status for flights, take-out delivery and how long we’ll have to wait for our Uber to arrive. . This desire and the importance of visibility is even more pronounced where finances are concerned: businesses need the right information – in near-real-time – in order to make intelligent financial decisions. . Sources: FBX and SGX.

Delivery is the Product: Takeaways from Transplace’s Shipper Symposium 2018

Talking Logistics

The comment caught my attention because later that morning I was going to moderate a discussion with Dan Dershem , General Partner at Supply Chain Ventures, about emerging technologies such as blockchain, artificial intelligence and machine learning, autonomous trucks, and digital freight. As I listened to Mr. Hughes’ presentation, it struck me that he was right: all of these technologies, in many ways, are a response to the demands we consumers are placing on supply chains.

7 Essential Attributes of Strategic Supplier Partnerships!

Supply Chain Game Changer

Blog post originally published by Michael Massetti, Executive Partner at Gartner, at [link] and permission to publish here provided by Michael Massetti. Check out How To Differentiate With A Supplier Relationship Management (SRM) Program! Whether the phrase refers to sourcing, procurement, relationships, or other matters, its use is prevalent. Vendor is the most commonly used term to define the entire spectrum of suppliers. Subscribe Here!

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

When the world changes around you, and when it changes against you, what used to be a tailwind is now a headwind — you need to lean into that and figure out what to do because complaining isn’t a strategy.”. Create a culture of flexibility in manufacturing/ sourcing strategy.

7 Easy Steps to Create an Inbound Vendor Routing Guide

Cerasis

It manages inbound freight, not unlike the incoming blood supply from the lungs, and pumps it out to the remainder of your supply chain. Unlike the heart, however, your routing guide needs to be continually updated to reflect the most relevant changes in carrier preferences, stipulations for compliance violations and detailed instructions on how to handle different shipping circumstances. 151 to 5,000 pounds. 5,001 to 12,000 pounds.

The Flexibility Test

BluJay Solutions

Guest commentary by Adam Gray, JBF Consulting – as provided for the July 2020 Freight Market Index report. Whatever we assumed were next steps yesterday often get migrated to the back burner as new challenges come forward today – in ways and at speeds that are unprecedented.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

WorldShipping.org cites data from The Network for Transit and the Environment that shows that measured by grams/kg/km air freight as the largest carbon footprint impact and steamships as the lowest. According to the American Trucking Association, in the USA trucks move 11 billion tons of freight each year; deliver 100 percent of all consumer products and 70 percent of all freight tonnage; and deliver to the 80 percent of U.S.

Guest Commentary: P.O. Management Programs – Know Pain, Know Gain!

Talking Logistics

What is this going to cost? Is it worse to suffer because you can’t answer queries from internal and external customers? Besides providing fast, thorough answers to customers, today’s ERP, cloud-based SaaS, or 3PL-operated systems enable companies to manage the order lifecycle, control information and cargo flows, and reduce the total cost of goods. It’s hard enough for people to change without springing change on them. Commit to systems and process training.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. Lean thinking focuses on the elimination of all waste (where waste is defined as any non-value added process) and bringing value to the customer , beyond the customer’s expectations. Try to recognize all of your wastes. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. This equates to 9.2

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Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. That means you need to revalue your inventory.

Stop Looking At Flashy Logistics Technology

Freightos

A 20,000 metric tons reduction in emissions. Working at a logistics startup means attending a lot of logistics and freight conferences, most with the same technology panels talking about the same technology again and again. The future of drone deliveries is still up in the air (pun intended) and limited almost completely to last mile. Which isn’t to say that drones, wearables and 3D printers won’t eventually change the world. Freight Insights

Easier than reducing carbon footprint – 5 Steps to make a dent in the Huge and Hidden Cost of CPG Sustainability

Cerasis

WorldShipping.org cites data from The Network for Transit and the Environment that shows that measured by grams/kg/km air freight as the largest carbon footprint impact and steamships as the lowest. According to the American Trucking Association, in the USA trucks move 11 billion tons of freight each year; deliver 100 percent of all consumer products and 70 percent of all freight tonnage ; and deliver to the 80 percent of U.S.

Why Logistics and Transportation Should Digitize

3rdwave

However, digitization really became mainstream around 2009 when there were officially more “things” than people connected to the internet. Digitization is an essential cornerstone capability that enables Logistics to deliver its true potential. However, just being able to receive or send information digitally does not make for a digitized environment. Digitization changed, and continues to change, the way that we see and interact with information.

21 logistics experts share the most important ingredients in developing an effective logistics strategy

6 River Systems

There are several elements in an effective logistics strategy, with the ultimate goal of identifying the most cost-effective service levels and developing plans and processes that enable the company to operate as close to those optimal service levels as possible.

The Global Supply Chain is Evolving – Are you ready?

MAVES

The global supply chain is evolving every day, adding complexity to the roles of shippers and their third-party logistics providers (3PLs). The “I want it now” environment, formed by the evolution the digital world and fostered by both millennials and companies like Amazon, is creating opportunities for those 3PLs willing to change and adapt to meet those consumer demands. Advanced Analytics / Metrics. to name a few.

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Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. That means you need to revalue your inventory.

A Quick Glance Into The Logistics Market - March 2016

EFT

in the fourth quarter of 2015 according to the second estimate released by the Bureau of Economic Analysis in late February. Source: US BEA). trade deficit increased 2.23% in January to $45.7 to $176.5 to $222.1 Source: US DOC & Census Bureau). Consumer Confidence: The Consumer Confidence Index decreased to 92.2 Source: The Conference Board) (The consumer confidence index is based on a monthly survey of 5,000 U.S. Source: US DOL) .

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50 expert warehouse optimization tips and techniques

6 River Systems

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. Implementing the right technologies, such as collaborative mobile robots , can help to optimize resource management and improve productivity.

This Week in Logistics News (January 7-11, 2019)

Talking Logistics

Then how about joining our Logistics Leaders for T1D Cure cycling team and help us raise money for JDRF in our quest to create a world without type 1 diabetes! If this sounds like it would be a fun and meaningful personal challenge for you (with the added benefits of meeting other supply chain and logistics professionals and raising money for a good cause), then sign up to join our Logistics Leaders for T1D Cure team! Recruit a friend or co-worker to join the team too!

The Logistics Linchpin with Andrew Clark

Aborn and Co.

Andrew is on a mission to help small to mid-size enterprises implement high-performance tactics and technology to their supply chain, so they can scale up without stress. Andrew is passionate about logistics and how getting this element right in business can help elevate them to the next level. Sell more with less stock - How inventory planning holds the key to improved profitability. It's not just retail it is also in B to B.

Why Logistics and Transportation Should Digitize

3rdwave

However, digitization really became mainstream around 2009 when there were officially more “things” than people connected to the internet. Digitization is an essential cornerstone capability that enables Logistics to deliver its true potential. However, just being able to receive or send information digitally does not make for a digitized environment. Digitization changed, and continues to change, the way that we see and interact with information.

50 expert tips on supply chain management

6 River Systems

“In the past, most disruptions were limited to a single supply chain,” explains Dr. Asoo Vakharia, McClatchy Professor and Director of the Supply Chain Management Center at the Warrington College of Business. Warehouse managers face numerous challenges, as well, such as the need to keep goods flowing in and out of the facility while enabling associates to practice social distancing measures. Build flexible supply networks to minimize the risk of disruption.